Month: February 2022

Finder’s Experts Predict ‘Joke’ Coin Will Hit $0.16 This Year

Dogecoin (DOGE) is expected to reach $0.163 a unit this year, according to a top product comparison site. In a survey, some 33 analysts predicted the value of DOGE to reach $0.316 per unit by 2025. By the end of 2022, DOGE is predicted to reach a price of $0.25, the analysts said. According to Fred Schebesta, Finder’s CEO, investors can likely “sit tight knowing that although there will be more, others will come and go, DOGE will forever remain the original.” Analysts feel meme-based assets, in general, will lose…

Blockchain Infrastructure Startup InfStones Raises $33M in Series B Funding

“Just as AWS has made it easy for companies to deploy applications across servers, storage, and databases, InfStones is making it simple to deploy nodes, APIs, and other services,” said Dragonfly Capital Partner Tom Schmidt in a press release. “Their platform helps reduce the barriers to entry for new companies that are looking to incorporate blockchain technology into their stack.” Source

Twitter users ask Ukrainian armed forces to start accepting crypto donations

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On Thursday, Russia launched a full-scale invasion of Ukraine on multiple fronts, prompting a swift response from the Ukrainian government as it mobilized troops, armed civilians and called upon world leaders to come to its aid.  The same day, the Ministry of Defense of Ukraine began accepting donations for its armed forces by setting up a designated bank account for foreign currency wire transfers. The Ukrainian army cited “numerous requests from individuals and legal entities who are not residents of Ukraine and wish to make donations.” It appears one particular part…

The Case for Taxing Proof-of-Work

The Bitcoin network provides bitcoin owners with a unique sort of security – proof-of-work. Proof-of-work, or PoW, is a method for securing a network in a decentralized manner. The process, however, is incredibly energy-intensive, requiring thousands of competing processors, or miners, to perform redundant calculations. Other forms of security, say that underlying instruments listed on the Nasdaq stock exchange, rely on cheaper centralized methods. Source

Cryptocurrency म्हणजे काय ? | What are Cryptocurrency and How It Works?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CoinSwitch Kuber Download link #CoinSwitch #CoinSwitchKuber In this video we are going to see What is cryptocurrency in simple Marathi language. Cryptocurrency is a digital currency invented in 2009, this currency cannot be converted into physical format for exchanging goods and services. You can use this currency digitally only. There are more than 5000 cryptocurrencies available in the market for example, bitcoin, tether, ripple, dodgecoin and many more. Bitcoin was the first cryptocurrency. In this video we have explained the process of…

What You Need to Know About Taxes Before You Claim Your Next Airdrop

While crypto airdrops are often considered to be “easy money,” they also come with responsibilities. In recent months, projects like Ethereum Naming Service (ENS) and LooksRare delivered airdrops of ENS and LOOKS tokens, respectively, to their users. Both of these token networks are now worth hundreds of millions of dollars in market capitalization. These airdrops have been successful in turning users into fervent stakeholders. As more projects continue to push towards decentralization, we expect more airdrops in 2022 and beyond. This post is part of Tax Week. Miles Brooks, CPA,…

Bitcoin Hodlers with 0.01+ BTC hits a New ATH of 9.512M

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The number of Bitcoin hodlers with 0.01+ BTC has hit a new all-time high of 9.512 million The new milestone comes as Bitcoin hits a local low of $34,322 The pullback by Bitcoin is a result of Russia attacking Ukraine $32k to $30k is Bitcoin’s last zone of defense, a loss of which could open the doors to more losses A reversal by Bitcoin might be possible in the short-term as the crypto markets are correlated to the Nasdaq The number of Bitcoin hodlers owning 0.01 BTC or more has…

Digital gold narrative valid as long as MicroStrategy holds Bitcoin, says exec

As some industry executives have questioned Bitcoin (BTC) as being the digital gold amid a massive market crash on Thursday, other experts continued to support the digital gold narrative for now, or until whale investors like MicroStrategy cash out. Ki Young Ju, CEO of South Korean on-chain analytics resource CryptoQuant, took to Twitter on Thursday to report that his platform has not observed any “significant on-chain activities” as of 11:00 am UTC. Institutional investors who bought Bitcoin via on-chain transactions do not seem to have sold their holdings yet, Ju…